Citadel and affiliates buy E*Trade notes

By Laura Lutz

Des Moines, April 1 - Investors led by Citadel LP increased their holdings of E*Trade Financial Corp.'s 7 7/8% senior notes due 2015, 7 3/8% senior notes due 2013 and 12.5% springing lien notes due 2017 in March, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors bought about $29 million of the 7 7/8% notes and $8 million of the 7 3/8% notes in private deals from March 12 to March 17 and $7 million of the 12.5% notes on March 28.

Also on March 28, the investors sold about $7 million E*Trade's 8% notes.

As of April 1, the investors owned about $1.6 billion of the 12.5% notes, about $249.25 million of the 8% notes, about 29% million of the 7 7/8% notes and about $8 million of the 7 3/8% notes.

E*Trade is a New York-based financial services company.

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